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|||||Pages|
|---|---|---|---|---|
|Chairman's
report|||||
|Chief Executive Officer's|annual|report|||
|Report ofthe directors|(incorporating||Strategic Report)|3-13|
|Auditor's
report||||14-16|
|Statements ofcomprehensive||income|||
|Statements offinancial|position|||18|
|Statements ofchanges|in reserves|||19|
|Statement ofcash flows||||20|
|Notes to the financial statements||||21-36|
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|The format ofthis statement
reflects the publication|The format ofthis statement
reflects the publication|The format ofthis statement
reflects the publication|in|in|April|2018 by|2018 by|2018 by|the|Regulator|Regulator|ofSocial Housing|ofSocial Housing|ofSocial Housing|(RSH)|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|of a Value for Money Standard
for registered
providers.|||||Performance||||against||YMCA|Norfolk|value|for||
|money targets and those specified by the RSH is||summarised||||below;|||comments
on performance|||||are||
|provided
in respect ofthose metrics which are most appropriate|||||||for||YMCA Norfolk.|||||||
|Metrics specified by the regulator:|||||||2020-21|||2019-20||2018-19||Sector||
||||||||(Group)|||(Group)||||2019-20||
|1 Reinvestment%||||||||||||||||
|Investment
in housing
properties
in the year as||a||||||||||||||
|percentage
ofthe gross book value at the year|end|||||||08%|||0 5%|1|8%||54%|
|2A New supply
delivered
(social housing
units)||||||||||||||||
|The number ofsocial housing
units acquired or||developed||||||||||||||
|in the year as a proportion
oftotal social housing
units||||||||||||||||
|owned at the year end|||||||||Nil||Nil||Nil||7.3%|
|28 New supply delivered
(non-social
housing|units)||||||||Nil||Nil||Nil||Nil|
|3 Gearing %||||||||||||||||
|Net debt (loans - cash) as a percentage
ofthe gross value||||||||||||||||
|of housing
properties||||||||-8.5%|||-12.6%|-2.1%|||9.5%|
|4
Earnings before interest, tax, depreciation,||and||||||||||||||
|amortisation
(EBITDA, major repairs included)||interest||||||||||||||
|cover %||||||||||||||||
|The level ofsurplus generated
compared to interest||||||||||||||||
|payable|||||||3,885%|||3,788%||],874%|||264%|
|5
Headline
social housing cost per unit|||||||f12,729|||f13,214||f12,837||815,134||
|6A Operating
margin
(social housing lettings|only)||%|||||2.3%o|||-4 7%|-2.2%|||5.8%|
|68 Operating
margin
(overall) %||||||||279%|||73%|3|0%||33%|
|7
Return on capital employed
%|||||||||||1Q 5%|1|2%||24%|
|Other YMCA Norfolk value for money targets:|||Target|||||||||||||
|8
Occupancy ofowned and leased properties||||||||||||||||
||||95 Q%|||||92|2%||94.3%|94|4%|962%||
|9
EBITDA %||||||||||||||||
|The level ofsurplus generated
as a percentage|of|||||||||||||||
|turnover||||10.0%||||30.0%o|||9.6%|5.7%|||4.3%o|
|We seek to make a surplus
in our||work,||to generate||||funds to|||reinvest|in||||
|future services.
The surplus for the year|||||includes||significant|||restricted||non-||||
|housing
capital grants.||||||||||||||||
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|||||Group||Charity||
|---|---|---|---|---|---|---|---|
|||||2021|2020|2021|2020|
||||Notes|E|f|E|E|
|Turnover|||2, 4|5,369,751|4,616,449|5,158,483|4,314,994|
|Gain on disposal of housing||property|||786,361||786,361|
|Other operating
income||||123,639||123,639||
|Operating
expenditure||||(4,031,574)|(4,289,511)|(3,805,016)|(3,981,990)|
|Operating
surplus||||1,461,816|1,113,298|1,477,106|1,119,364|
|Interest receivable||||2,165|5,260|2,161|5,236|
|Interest
and financing|costs|||(14,364)|(11,740)|(14,364)|(11,740)|
|Surplus for the year||||1,449,617|1,106,818|1,464,903|1,112,860|
|Net gain/(loss)
in respect of||pension schemes||(89,065)||(89,065)||
|Total comprehensive|income|forthe year||1,360,552|1,106,818|1,375,838|1,112,860|
##
##
|||||||||Group||Charity||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|2021|2020|
||||||||Notes|E|E|E|E|
|Fixed Assets||||||||||||
||Tangible|fixed assets|||||11,14|11,617,935|9,452,841|11,617,935|9,452,841|
||Investments||||||15|1|1|245,853|245,753|
||Goodwill||||||16|105,185|140,246|||
|||||||||11,723,121|9,593,088|11,863,788|9,698,594|
|Current Assets||||||||||||
||Stock|||||||7,541|8,247|6,598|6,372|
||Trade and||other debtors|||||336,457|547,St6|306,735|403,338|
||Cash and|cash equivalents||||||1,924,316|1,348,023|1,810,351|1,327,732|
|||||||||2,268,314|1,903,786|2,123,684|1,737,442|
|Creditors:||||||||||||
||Amounts|failing due within||||one year||(861,315)|(853,095)|(836,023)|(786,214)|
|Net Current Assets||||||||L406,999|1,050,691|1,287,661|951,228|
|Total assets less||||current liabilities||||13,130,120|10,643,779|13,151,449|10,649,821|
|Creditors:||||||||||||
||Amounts|falling due after one year||||||(7,093,699)|(5,967,910)|(7,093,699)|(5,967,909)|
|Total net assets||||||||6,036,421|4,675,869|6,057,750|4,681,912|
|Reserves||||||||||||
||Income and|||expenditure|reserve|||5,886,421|4,510,817|5,907,750|4,516,860|
||Restricted||reserves|||||150,000|165,052|150,000|165,052|
|T|al Reserves|||||||6,036,421|4,675,869|6,057,750|4,681,912|
##
||||Income and|||
|---|---|---|---|---|---|
||||expenditure|Restricted||
||||reserve|reserve|Total|
||||E|E|E|
|GROUP||||||
|Balance at 31March|2019||3,419,052|150,000|3,569,052|
|Total comprehensive|income for the year||812,967|293,850|1,106,817|
|Release of restricted|capital funds spent|in the year|278,798|(278,798)||
|Balance at 31March|2020||4,510,817|165,052|4,675,869|
|Total comprehensive|income for the year||16,241|1,344,311|1,360,552|
|Release of restricted|capital funds spent|in the year|1,359,363|(1,359,363)||
|Balance at 31March|2021||5,886,421|150,000|6,036,421|
|CHARITY||||||
|Balance at 31March|2019||3,419,052|150,000|3,569,052|
|Total comprehensive|income for the year||819,010|293,850|1,112,860|
|Release of restricted|capital funds spent|in the year|278,798|(278,798)||
|Balance at 31March|2020||4,516,860|165,052|4,681,912|
|Total comprehensive|income for the year||31,527|1,344,311|1,375,838|
|Release of restricted|capital funds spent|in the year|1,359,363|(1,359,363)||
|Balance at 31March|2021||5,907,750|150,000|6,057,750|
##
##
||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||E||
|Net cash (consumed
in) /|generated|from operating||||activities (as below)|1,444,770|638,227|
|Cash flow from investing|activitites||||||||
|Proceeds of disposal|oftangible|fixed assets||||||865,720|
|Purchase of tangible|fixed assets||||||(1,853,433)|(330,714)|
|Purchase of subsidiary
(net ofcash|||acquired)|||||(116,444)|
|Interest received|||||||2,165|5,260|
|Cash flow from financing|activitites||||||||
|Loans advanced|||||||994,000||
|Interest
paid|||||||(7,888)|(7,259)|
|Repayment
of borrowings|||||||(3,321)|(713)|
|Net change
in cash and cash equivalents|||||||576,293|1,054,077|
|Cash and cash equivalents|at beginning||of the|year|||1,348,023|293,946|
|Cash and cash equivalents|at end of|the|year||||1,924,316|1,348,023|
|Net cash flow generated|from operating||activities||is|calculated as:|||
|Operating
surplus for the|year||||||1,461,816|1,113,298|
|Adjustment
for non-cash|items:||||||||
|Depreciation
of tangible
fixed assets|||||||201,174|199,700|
|Amortisation
of goodwill|||||||35,061|35,061|
|Deferral of capita
I grants|||||||200,000||
|Release of deferred|capital grants||||||(89,211)|(87,223)|
|Donation
in kind|||||||(550,000)||
|Adjustment
to pension
liability||on|change of discount rate||||6,588|(10,362)|
|(Increase) / decrease
in stocks|||||||707|(1,467)|
|(Increase) / decrease
in trade and|||other|debtors|||211,059|16,510|
|Increase / (decrease)
in trade and|||other|creditors|||(69,916)|151,048|
|Net (gain) / loss on|disposal of|tangible||fixed|assets||37,492|(778,339)|
|Net cash generated
from|operating
activities||||||1,444,770|638,227|
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|||||||||Group and|Charity|
|---|---|---|---|---|---|---|---|---|---|
|Social housing
income generated|||by accommodation||and|||2021|2020|
|other housing
support||||||||E|E|
|Rent receivable
excluding|voids|||||||2,053,667|1,995,397|
|Accommodation
charges re supported||||lodgings||||173,157|218,203|
|Revenue
grants||||||||404,127|453,554|
|Release of deferred grant|income||(see|note 21)||||89,211|87,223|
|Other housing
income||||||||185,290|154,178|
|Total housing
income before interest receivable||||||||2,905,452|2,908,555|
|||||||Regulated|Non-|||
|||||||Social Housing|Regulated|2021|2020|
|||||||E|E|E||
|GROUP||||||||||
|Turnover||||||2,905,452|2,464,299|5,369,751|4,616,449|
|Gain on disposal of housing||property|||||||786,361|
|Other operating
income|||||||123,639|123i639||
|Operating
expenditure||||||(2,876,848)|(1,154,726)|(4,031,574)|(4,289,511)|
|Operating
surplus / (deficit)||||||28,604|1,433,212|1,461,816|1,113,298|
|Interest
and investment|income||||||2,165|2,165|5,260|
|Interest payable||||||(8,577)|(5,787)|(14,364)|(11,740)|
|Surplus / (deficit) for the year||||||20,027|1,429,590|1,449,617|1,106,818|
|Rent losses from voids||||||||173,809|120,871|
|CHARITY||||||||||
|Turnover||||||7/aha, 457|7,253,031|5,158,483|n,31n,ggn|
|Gain on disposal of housing||property|||||||786,361|
|Other operating
income|||||||123,639|123,639||
|Operating
expenditure||||||(2,876,848)|(928,168)|(3,805,016)|(3,981,990)|
|Operating
surplus / (deficit)||||||28,604|1,448,502|1,477,106|1,119,364|
|Interest and investment|income||||||2,161|2,161|5,236|
|Interest
payable||||||(8,577)|(5,787)|(14,364)|(11,740)|
|Surplus / (deficit) for the year||||||20,027|1,444,876|1,464,903|1,112,860|
|Rent losses from voids||||||||173,809|120,871|
##
|3.|ACCOMMODATION
IN MANAGEMENT||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||The stock of social housing
accommodation||owned|and||managed||by YMCA Norfolk as||a Registered||Social|||
||Landlord at the beginning
and end of|the year was||as|follows:||||||||||
||||||||||||||2021|2020|
||||||||||||||Number|Number|
||Supported
housing
and lodgings:|||Owned|||and managed||||||141|141|
|||||Managed
but not owned|||||||||85|90|
||||||||||||||226|231|
|4.|NON-REGULATED
GRANT INCOME||||||||||||Group and|Charity|
||||||||||||||2021|2020|
||||||||||||||E|E|
||Turnover
includes
the following
grants|partly funding|||specific activities:||||||||||
||Youth Investment
Fund, for Youth-West
Partnership||||||||||||173,772|154,762|
||Big Lottery Fund and European
Social|Fund, for On||Track|||||||||101,808|91,560|
||West Norfolk Clinical Commissioning|Group, for SOS|||Bus||||||||16,296|37,476|
||Active Norfolk, for various
youth activities||||||||||||17,250|31,823|
||Norfolk Museums
Service, for Kick the|Dust|||||||||||22,918|22,649|
||Oak Grove Community
Church, for youth clubs||||||||||||5,500|16,001|
||Homeless
Link||||||||||||45,354||
||Norwich
City Council Grant, for Stepping Stones cafe||||||||||||15,343||
||Norwich
City Council Grant, for Pathways
bedspace|||accomodation|||||||||20,000||
||Anguish's
Educational
Foundation,
for|Life|Ready Norwich||||||||||24,709||
||National
Lottery Community
Covid-19,|for|On Line|Delivery|||||||||10,000||
||The Coronavirus
Job Retention Scheme (CJRS)||||||||||||123,639||
||Broadland
YAB,for Wellbeing
project|||||||||||||11,000|
||Capital grants for the establishment
of YMCA Aylsham|||||Road, Norwich:|||||||||
||The Lind Trust - Jubilee Centre (donation||in kind)||||||||||550,000||
||The Lind Trust - contributions
to the|redevelopment|||||||||||500,000||
||The Bernard Sunley Foundation||||||||||||30,000||
||The Clothworkers
Foundation||||||||||||100,000||
||Anguish's
Educational
Foundation||||||||||||15,000||
||The Norwich
Freeman's
Charity||||||||||||90,000||
||Anne French Grant||||||||||||2,000||
||All Churches
Trust Ltd||||||||||||25,000||
||Norfolk County Council||||||||||||2,311||
||Lord Cozens Hardy Trust||||||||||||5,000||
||The Paul Bassham Charitable
Trust||||||||||||25,000|25,000|
||Garfield Weston Foundation|||||||||||||100,000|
||The Geoffrey Watling
Charity|||||||||||||40,000|
||Norwich
Consolidated
Charities|||||||||||||50,000|
||Beatrice Laing Trust|||||||||||||50000|
||In addition to those listed
in turnover,|a grant amounting|||||to f200,000was received within||||the year|from Norfolk|County||
||Council towards
the establishment
of|YMCA Aylsham|||Road. This grant features||||within|Deferred Grant Income.|||||
||Grants recognised
in the year were credited to separate|||||restricted||funds, and were fully spent by the year end.|||||||
##
##
|5.|OPERATING
SURPLUS|||||Group||Charity||
|---|---|---|---|---|---|---|---|---|---|
|||||||2021|2020|2021|2020|
|||||||E|E|E|E|
||The operating
surplus
is stated after||charging|/ (crediting):||||||
||Depreciation
on housing
properties|||||141,810|139,839|141,810|139,839|
||Depreciation
on other tangible
fixed||assets|||59,364|59,861|59,364|59,861|
||(Gain) / loss on disposals of tangible||fixed assets|||37,492|(778,339)|37,492|(778,339)|
||Operating
lease agreements|||||138,554|156,019|138,554|156,019|
||Rent losses from bad debts|||||21,996|46,181|21,996|46,181|
||Other bad debts|||||901||||
||Auditor's
remuneration
(including|irrecoverable||VAT):||||||
||audit fees|||||10,562|10,362|8,244|8,112|
||non-audit
fees|||||201|490|||
|6.|INTEREST RECEIVABLE AND OTHER||INCOME|||||Group and Charity||
|||||||||2021|2020|
||||||||||E|
||Interest receivable
from deposits|||||||2,162|5,236|
|7.|INTEREST PAYABLE AND FINANCING||COSTS|||||||
||On loans wholly or partly repayable||in more than five years|||||7,650|7,259|
||Interest on liability for pension deficit recovery|||payments|(note 23)|||6,714|4,481|
|||||||||14,364|11,740|
##
|The remuneration
paid|The remuneration
paid|to the|CEO is set out|CEO is set out|below:|below:||||||Group and|Charity|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||2021|2020|
|||||||||||||E|E|
|CEO gross salary||||||||||||58,243|57,231|
|CEO benefits-in-kind||||||||||||1,116|5,604|
|CEO employer
pension||contributions||||||||||6,437|6,329|
|Total||||||||||||65,796|69,164|
|The aggregate
remuneration|||for the four (2019-20:four) key|||||management|personnel|(including|the CEO)|||
|charged
in the year|was:|||||||||||||
|Gross salaries||||||||||||172,501|160,936|
|Pension contributions||||||||||||17,253|17,032|
|The gross salaries and||pension||contributions|reported||above|reflect salary|sacrifice arrangements||under which,|in||
|common
with other|employees,|||key management||personnel||have sacrificed amounts||of pay in return for||||
|additional
employer|pension||contributions.|||||||||||
##
##
|EMPLOYEE COSTS|||||Group||Charity||
|---|---|---|---|---|---|---|---|---|
||||||2021|2020|2021|2020|
||||||E|E|E|E|
|Wages and salaries|||||1,915,796|1,940,097|1,867,989|1,910,254|
|Social security costs|||||146,995|143,956|142,494|141,769|
|Pension costs: current||employees|||155,317|187,029|150,506|146,044|
||||||2,218,108|2,271,082|2,160,989|2,198,067|
|The average number|of employees||expressed|as full time|||||
|equivalents
(based on||37.5 hours|per week) was||78|81|76|80|
|The average number|of full and part time persons||||||||
|employed
was|||||102|106|100|105|
##
##
##
##
|TANGIBLE FIXED ASSETS - HOUSING|TANGIBLE FIXED ASSETS - HOUSING|TANGIBLE FIXED ASSETS - HOUSING|TANGIBLE FIXED ASSETS - HOUSING|PROPERTIES|PROPERTIES|PROPERTIES||||
|---|---|---|---|---|---|---|---|---|---|
|Social housing
properties|held|for|letting:|||||Group and|Charity|
|||||||||Freehold Property|Total|
||||||||||E|
|Cost||||||||||
|As at 31March 2020||||||||10,103,467|10,103,467|
|Additions||||||||81,122|81,122|
|Disposals||||||||(41,137)|(41,137)|
|As at 31March 2021||||||||10,143,452|10,143,452|
|Depreciation||||||||||
|As at 31March 2020||||||||1,180,489|1,180,489|
|Charge for the year||||||||141,810|141,810|
|Eliminated
on disposals||||||||(6,405)|(6,405)|
|As at 31March 2021||||||||1,315,894|1,315,894|
|Net Book Value||||||||||
|As at 31March 2021||||||||8,827,558|8,827,558|
|As at 31March 2020||||||||8,922,978|8,922,978|
|||||||||Group and|Charity|
|||||||||2021|2020|
|||||||||E|6|
|The net book value of housing||properties|||pledged as security for loan|||||
|liabilities (see note 19)outstanding|||at|the year end|||was:|3569422|243 976|
|SOCIAL HOUSING
GRANTS||||||||||
|Total accumulated
social|housing||grant received or||||receivable at 31 March:|6454 581|6 454 581|
|Recognised
in statement|of comprehensive|||||income||821,413|732,202|
|Held as deferred
income||||||||5,434,280|5,523,491|
|Held as Recycled Capital|Grant|||||||198,888|198,888|
|||||||||6,454,581|6,454,581|
|EXPENDITURE ON WORKS TO||EXISTING|||HOUSING||PROPERTIES|2021|2020|
|||||||||E|E|
|Amounts
capitalised||||||||81,122|52,027|
|Amounts
charged to income and expenditure||||||||163,757|167,265|
|||||||||244,879|219,292|
##
##
##
|||||Furniture||||
|---|---|---|---|---|---|---|---|
|TANGIBLE FIXED ASSETS - OTHER||Freehold||||||
|||Property|in|and|Motor|||
|||construction||equipment|vehicles|Total||
||||E||E|||
|Cost||||||||
|As at 31March 2020||278,798||649,710|68,145|996,653||
|Additions||2,072,271||250,367||2,322,638||
|Disposals||||(30,592)||(30,592)||
|As at 31March 2021||2,351,069||869,485|68,145|3,288,699||
|Depreciation||||||||
|As at 31March 2020||||435,637|31,153|466,790||
|Charge for the year||||50,117|9,247|59,364||
|Eliminated
on disposals||||(27,832)||(27,832)||
|As at 31March 2021||||457,922|40,400|498,322||
|Net Book Value||||||||
|As at 31March 2021||2,351,069||411,563|27,745|2,790,377||
|As at 31March 2020||278,798||214,073|36,992|529,863||
|INVESTMENTS||||Group||Charity||
|||||2021|2020|2021|2020|
|||||f|E|E|E|
|investment
in subsidiary|undertakings|at cost||||245,852|245,752|
|Other unlisted
investment|- Norwich|Housing Society Ltd||||1|1|
|Total||||1|1|245,853|245,753|
|GOODWILL|||Group||
|---|---|---|---|---|
||||2021|2020|
||||E|E|
|As at 31March||2020|140,246||
|Cost: acquisition||in the year||175,307|
|Amortisation:|charge for the year||(35,061)|(35,061)|
|Net book value|||105,185|140,246|
##
||||||||||
|---|---|---|---|---|---|---|---|---|
|17.|DEBTOR5||||Group||Charity||
||||||2021|2020|2021|2020|
||||||E|E|E|E|
||Rent and service charges receivable||||167,984|185,075|167,984|185,075|
||Less: Bad debt provision||||(57,517)|(73,595)|(57,517)|(73,595)|
||Revenue grants
receivable||||121,113|191,692|121,113|191,692|
||E-Learning trade debtors||||34,862|147,723|||
||Balances due from subsidiary
undertaking||||||6,449|11,415|
||Prepaid expenditure||||61,674|74,218|61,674|73,365|
||Other debtors||||8,341|22,403|7,032|15,386|
||||||336,457|547,516|306,735|403,338|
|18.|CREDITORS: AMOUNTS
FALLING|DUE WITHIN||ONE YEAR|||||
||Trade creditors||||121,553|172,506|110,047|149,968|
||Rent and service charges received|in advance|||80,323|65,519|80,323|65,519|
||Taxation and social security||||18,159|81,827|6,791|40,974|
||Other creditors||||6,803|4,551|6,903|4,551|
||YMCA pension
plan deficit contributions||(note 20)||42,508|41,167|42,508|41,167|
||Accruals
and deferred
income||||468,730|399,769|466,212|396,279|
||Current
portion of housing
loan||||585|533|585|533|
||Current
portion of bank loan||||35,934||35,934||
||Deferred grant income (note 21)||||86,720|87,223|86,720|87,223|
||||||861,315|853,095|836,023|786,214|
|19.|CREDITORS: AMOUNTS
FALLING AFTER||MORE|THAN ONE YEAR|||Group and Charity||
||YMCA pension
plan deficit contributions||(note 20)||||316,634|257,245|
||Housing
loan to be repaid within five years||||||2,968|2,705|
||Housing
loan to be repaid after five years||||||71,978|72,803|
||Bank loan to be repaid within five|years|||||169,351||
||Bank loan to be repaid after five years||||||786,320||
||Deferred grant income (note 21)||||||5,547,560|5,436,268|
||Recycled Capital Grant
Fund (note 22)||||||198,888|198,888|
||||||||7,093,699|5,967,909|
##
##
|20.|PENSION
LIABILITY|PENSION
LIABILITY||||Group and|Charity|
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||E|E|
||Opening
balance|||||298,412|344,718|
||Contributions|payable|in the year|||(41,638)|(40,425)|
||Adjustment|on change|in discount rate|||6,588|(10,362)|
||Adjustment|following|triennial|valuation|May 2020|89,065||
||Interest on|liability||||6,714|4,481|
|||||||359,142|298,412|
|||||||||Within|One to two|One to two|Two tofive|After|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||one year|||years|years|five years|Total||
|||||||||||E|E|E|E||
||As at|31March|2021|||||42,508|43,062||132,384|141,188|359,142||
||As at|31March|2020|||||41,167|41,507||126,357|89,381|298,412||
|21.|DEFERRED GRANT INCOME||||||||||||Group and|Charity|
||||||||||||||2021|2020|
||||||||||||||E|E|
||As at|31March|2020||||||||||5,523,491|5,809,602|
||Grant|transferred
to YMCA|||Norfolk||in the year||||||200,000||
||Grant|released|on disposal||of property|||||||||(198,888)|
||Recognised
in statement|||of comprehensive||||incoine|||||(89,211)|(87,223)|
||As at|31March|2021||||||||||5,634,280|5,523,491|
||Amounts to be||recognised||within|one year|||||||86,720|87,223|
||Amounts to be||recognised||in more||than one year||||||5,547,560|5,436,268|
||||||||||||||5,634,280|5,523,491|
||Comparative
information|||has been|||reclassified to separately|||disclose|the Recycled|Capital Grant Fund.|||
|22.|RECYCLED CAPITAL GRANT||||FUND||||||||||
||As at|31March|2020||||||||||198,888||
||New grants to||be recycled||||||||||||
||Grants|recycled|in the year||||||||||||
||As at|31March|2021||||||||||198,888||
##
##
##
##
##
||||2021|2020|
|---|---|---|---|---|
||||Number|Number|
|At beginning|ofthe year||29|26|
|New members
during||the year||4|
|Leavers during the year||||(1)|
|At end of the|year||28|29|
##
##
##
##
##
|||||As at|Cash|Other|As at|
|---|---|---|---|---|---|---|---|
|||||31March|flows|non-cash|31March|
|||||2020||inovements|2021|
|||||E||E|E|
|Cash||||1,348,023|576,293||1,924,316|
|Loans|due|within|one year|(713)|(35,806)||(36,519)|
|Loans|due|after|one year|(76,041)|(954,576)||(1,030,617)|
|||||1,271,269|(414,089)||857,180|
##
##
##
||is provide|d
below:|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2021|2020|2021|2020|
||||||||||Surplus for|(Deficit) for|||
||||||||||the year|the year|Capital|and reserves|
||||||||||E|E|E|E|
||Josiah Vavasseur
YMCA Fund||||||||6,942|(5,369)|41,009|34,067|
||The Norwich
Lads'||Club||||||29,026|(22,989)|171,630|142,604|
|30.|FINANCIAL
INSTRUIVIENTS||||||||||||
||The group's
financial
instruments|||||may|be|analysed|as follows:||||
||||||||||||2021|2020|
||||||||||||E|E|
||Financial|assets:|||||||||||
||Financial|assets measured||at|amortised||cost||||2,069,645|1,607,226|
||Financial|liabilities:|||||||||||
||Financial|liabilities|measured||at|amortised||cost|||1,269,012|238,558|
||Financial|assets measured||at|amortised||cost comprise cash at bank and in hand and trade debtors.||||||